UK Cost Of Energy To Be High For Months
all these little energy companies don't actually own any assets or generate power.
I'm with bulb and read they are in trouble, should I be looking for a new supplier?
they buy the power in bulk at a small discount and then literally make 0.002 pence per KWH that you use. they rely on having lots of customers paying that little amount
but to get you to go with them they offer cheaper electric at a fixed price for like 1-2 years.
then this happens there costs skyrocket and they cant pass that cost in because you signed a contract at a certain price
then they go bankrupt
Yes, this is a real worry here. I recently considered switching to a different supplier, but the difference in prices now are so minimal, they're negligible. Did not know that about the French cable thing, thanks.
I heard (different source) people are being told to expect a 50% increase in cost. I feel for you guys.
If it is true about the negligence with the connecting power cable then it seems to be another example of a dynamic which is too common - the passing on of responsibility. Why should the client absorb the costs of company error? Writing this I'm thinking of 2008 when the mortgage crisis hit and the debts were absorbed by governments (supposedly representatives of the people). But its common on the micro and macro level and fundamentally it's about boundaries. To take responsibility involves recognising a boundary between entities. Otherwise any entity is just a projection of the original entity not a separate unique thing. In human relating, this describes a state of dependency (Cancer) and is the realm of narcissistic interaction. Capitalism seems to thrive off this dynamic.
But locals say there is fuel and stores are stocked. Cheerios are available!
They think it is the media causing the problem.